As Birmingham is expanding with a lot of corporations relocating from London to Birmingham, we are seeing an increase in property prices in and around train stations leading into Birmingham. Prices in Worcestershire, Staffordshire, Shropshire and the Midlands in general have increased substantially due to this. Historically this occurred in Surrey and Kent, where people work in the city but want to live in a quieter, leafier suburb.
Similarly with Birmingham and the West Midlands expanding, demand for commercial warehouse / industrial space is increasing near motorways accordingly. We have noticed an increase in demand for commercial property along the M6, M5 and M54. Prices for commercial rentals due to this has contributed to for a rental increase of 25% - 30% in rent prices from 2020.
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